Susan Byrne Sells 4,367 Shares of Westwood Holdings Group (NYSE:WHG) Stock

Westwood Holdings Group Inc (NYSE:WHG) Director Susan Byrne sold 4,367 shares of Westwood Holdings Group stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $17.86, for a total value of $77,994.62. Following the sale, the director owned 263,254 shares in the company, valued at $4,701,716.44. This represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Westwood Holdings Group Stock Down 0.9%

NYSE WHG opened at $17.95 on Thursday. Westwood Holdings Group Inc has a twelve month low of $14.70 and a twelve month high of $18.99. The firm has a market capitalization of $170.34 million, a PE ratio of 21.63 and a beta of 0.61. The stock’s 50 day moving average is $16.57 and its 200 day moving average is $16.93.

Westwood Holdings Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a dividend of $0.15 per share. The ex-dividend date is Monday, June 1st. This represents a $0.60 annualized dividend and a dividend yield of 3.3%. Westwood Holdings Group’s payout ratio is currently 72.29%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Westwood Holdings Group during the second quarter valued at $63,000. Raymond James Financial Inc. purchased a new position in Westwood Holdings Group during the second quarter valued at $85,000. New York State Common Retirement Fund purchased a new position in shares of Westwood Holdings Group in the second quarter worth $98,000. JPMorgan Chase & Co. raised its stake in shares of Westwood Holdings Group by 1,277.9% in the second quarter. JPMorgan Chase & Co. now owns 7,537 shares of the asset manager’s stock worth $118,000 after purchasing an additional 6,990 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Westwood Holdings Group by 39.9% in the fourth quarter. Wells Fargo & Company MN now owns 10,032 shares of the asset manager’s stock worth $173,000 after purchasing an additional 2,861 shares during the last quarter. Hedge funds and other institutional investors own 56.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Weiss Ratings lowered Westwood Holdings Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded Westwood Holdings Group to a “buy” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Westwood Holdings Group presently has an average rating of “Buy”.

Westwood Holdings Group Company Profile

Westwood Holdings Group, Inc is an independent, publicly traded asset management firm founded in 1983 and headquartered in Kansas City, Missouri. Through its wholly owned subsidiaries, the company offers a range of investment advisory services tailored to institutional, retail, and high-net-worth clients. Westwood’s disciplined, value-oriented approach guides its research process across equity and fixed-income markets, with an emphasis on fundamental analysis and long-term risk management.

The firm’s product lineup includes U.S.